The New Zealand native has turned his scrappy rocket company into a small but determined competitor of Elon Musk’s SpaceX. Investors have driven the stock up by more than 300% over the last year.

Shares of Rocket Lab USA ( NASDAQ: RKLB ), an aerospace manufacturer and launch-service provider, were up 50% in midday trading on Wednesday, after earnings beat Wall Street estimates. Hims & Hers stock tanks as Amazon debuts fixed pricing for hair-loss and erectile-dysfunction drugs

Rocket Lab stock price has gone parabolic, rising in the last five consecutive weeks, and reaching its highest level since November 2021. The RKLB share price has jumped by 320% from its lowest level this year,